Optimistic Economists See Steel Strike Sidestepping Recession
Economists expect the steel strike to barely dent the current business boom. While 0.5 million steelworkers walk out and production slows, employment and manufacturing gains hold, with strong indicators in June. Expansions at Scott Paper, Westinghouse, GM, and other firms point to sustained growth despite the stoppage.
MENTIONED IN THIS ARTICLE
William Ferns
AP Business News
Wilter New York
United Steelworkers of America
Tadateas
Federal Reserve Board
Martin Gainsbrugh
National Industrial Conference Board
Gainsbrugh
Firstfarge
Ase
Scott Paper
Mobie, Ala
Westinghouse ‘Electric
Penneylvania
California
General Motors
Navy deserter from World War I to receive discharge
Lewis E. Clayburg a 72 year old carpenter who deserted in 1917 turned himself in at a recruiting office in Oakland California. The Navy confirmed enlistment May 26 1917 and disappearance two months later. Since the statute of limitations has run out he will receive a discharge but not an honorable one.
MENTIONED IN THIS ARTICLE
Oakland
Calif
Navy
Lewis E. Clayburg
Carpenter
Clayburg
James Burke
Naval Bureau of Personnel
Washington
Cmidr
Francis T. Nash
Naval Dist
Texas Residential Building Trend Down
The Bureau of Business Research reports Texas residential building activity fell from a mid 1958 peak, with January-April 1959 still above 1955 levels but the downward trend narrowing gaps. June 1959 remains below June 1958, while May 1959 matched May 1958.
MENTIONED IN THIS ARTICLE
Ayer
Texas
Bureau of Business Research
University of Texas
Teport
Stock Decline After Steel Strike Hits Markets
Market figures show declines across the week as a steel strike spurred profit taking. Dow Jones fell to 657.13, rails led losses with major layoffs at Pennsylvania Railroad, and auto output slipped though overall employment and production hit new highs in June.
MENTIONED IN THIS ARTICLE
Elmer
WALZER + oes Financial po
Ttt
Dow- Jones
Pennsylvania Railroad
Norfolk & Westerns
Baltimore & Ohio
Pennsylvania
Santa Fe
Co Us
Allegheny
Wheeling Steel
Carpenter Steel
Bethlehem
Youngstown Sheet & Tube
Ford
Chrysler
DuPont
Allied
Eastman Kodak
Atlas Powder
Amerada
Texas
Seasion
Livestock Prices Mixed at Fort Worth and Kansas City Markets
Fort Worth and Kansas City livestock reports show uneven trade with mixed cattle prices. High grade stock stayed strong, while utility and commercial cows and bulls moved lower, lambs and sheep also varied with some weekly declines across weight classes.
MENTIONED IN THIS ARTICLE
Kansas City
Kansas
Ted
Fuanco
Wéckert
Sea
JO Ogio
Fort Worth
API
Klausnte
Footer Fitnha
Mb Krwer
Broiler Market Trends Week Up In Texas
Texas broiler markets opened weak but improved slightly toward week end. South Texas held at a lower opening, East Texas weakened, with overall unsettled closing undertone. Week’s closings show South 16 to 19 and East 17 to 18, while government data note 2.301 million broiler chicks placed, up 2 percent from last week and 12 percent below last year.
MENTIONED IN THIS ARTICLE
Austin
Texas
South Texas
East Texas
South Tex
Gensratty
South 16
South
East
Agriculture Department
Yarborough Opposes Veteran Education Grant to Loan Plan
Senator Ralph Yarborough of Texas pledges to oppose converting the veterans educational grant program into a loan plan. He argues funding education should not become a government mortgage on veterans futures. The bill to convert the grants is set for Senate consideration Tuesday.
MENTIONED IN THIS ARTICLE
Washington
Ralph Yarborough
D-Tex
Senate
Fragmented OCR Price List for Livestock
Fragmented text notes weights and prices for calves yearlings and hogs. Mentions numbers like 1700G21L and 0 8 stocker and terms such as down payment and pearlings. Details are unclear but indicate market pricing with livestock categories and weights.
Grain market bulls after USDA acreage shock
The USDA reported 40 percent less soybean acreage than a year ago, signaling tighter supply and sparking the first genuine bull market in years. A predicted record corn yield tempered prices as drought damage from Illinois, Missouri, and Indiana weighed on sentiment. wheat trading remained dull with harvest near end.
MENTIONED IN THIS ARTICLE
Chicago
Bel Ae
Department ‘of Agriculture
Department of Agriculture
Drouth
Ilinois
Missouri
Indiana
Dawson County Farm Bureau to Stage Queen Contest
The Dawson County Farm Bureau will hold its annual queen contest at 8 p.m. Tuesday in the Lamesa High School cafeteria. Entries are due by Monday at the Farm Bureau office. Contestants aged 1 to 22 must be single and from active Farm Bureau farming families. Judges from outside the area will assess poise personality and appearance. The winner goes on to district honors. A. Debnam hosts the event with a social hour and refreshments afterward. Contestants listed include Sandra Adams Ackerly Joann Lacey O Donnell Joan Van Klondike and Grace Barrot i of Lamesa.
MENTIONED IN THIS ARTICLE
Lamesa
Dawson County Farm Bureau
Lamesa High School
Herbert Green
Farm Bureau
Farm Burea
Green
A. Debnam
Unclear market report fragment on prices and July quotes
Fragmentary OCR text mentions soybeans and July quotes with percentage changes and prices but is incomplete and lacks clear subjects or context for a full summary. The readable entities include soybeans and July values, with scattered numbers.
Cotton futures end irregularly strong week in New York
Cotton futures in New York moved through an irregularly higher but quiet week with near months showing some strength. By Friday close prices edged up about 1.20 to 20 cents lower, while July expirations settled at 34.90 cents. Open interest fell to a record low as limited new cotton tendering and government controls restrain trading activity.
MENTIONED IN THIS ARTICLE
New York
Washington
Also Mentioned on This Page
iCorp
Amarillo
Tex
Argentina
Borden Co
Apute
Edward Badgley
Securities and Exchange Commission
Poppa
Mamma
du Pont
University of Missouri
Bessie
Navy Department
DOW. Jones
Dow Jones
Inds
Anne
Yarborough
Dawson Bureau
Fae
Ee Fes Department Store
Decorator
N i
Reid Wart
Roo Ge
PT Cee
Jamaica
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